Morgan Stanley Reiterates Overweight on Teck Resources, Maintains $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has reiterated an Overweight rating on Teck Resources (NYSE:TECK) and maintained a $53 price target.
July 17, 2023 | 2:52 pm
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POSITIVE IMPACT
Teck Resources' stock rating has been reiterated as Overweight by Morgan Stanley, with a maintained price target of $53.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley indicates a positive outlook for Teck Resources. This could potentially lead to an increase in investor confidence and a positive impact on the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100